empty
 
 
30.07.2018 02:07 PM
BITCOIN Analysis for July 30, 2018

Bitcoin has been quite corrective after having an impulsive break above $8,000 as continuing the bullish momentum with the target towards $10,000 in the coming days. Though Bitcoin has been quite optimistic and the bearish momentum recently encountered was the part of the trend play as retrace, the price is expected to push higher. Though after the impulsive bullish pressure, the price has been quite indecisive for a few days and even today the price is a bit bearish but not quite with a definite pressure. In this case, the price is expected to correct itself a bit more as the dynamic level of 20 EMA hold the price and push it as support to a higher price point like $10,000 in the future. As the price remains above $6,500 area, the bullish bias is expected to continue further.

SUPPORT: 8,000, 6,500

RESISTANCE: 10,000

BIAS: BULLISH

MOMENTUM: CORRECTIVE AND VOLATILE

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback